basics
What is a business plan?
A document that outlines goals, plans, and how a business will operate
What is booth rental?
Renting a space and working independently in a salon or spa
What are startup costs?
Money needed to open a business
What is marketing?
Promoting your business to attract clients
Why is customer service important?
It helps build trust and keep clients
What is a vision statement?
A long-term goal of what the business wants to become
What is a commission employee?
Someone who earns a percentage of services performed
What are expenses?
Costs of running a business
Name one way to market a beauty business
Social media
What is professionalism?
Acting in a respectful and responsible way
What is a mission statement?
A statement that explains what the business does and who it serves
What is a sole proprietor?
business owned by one person
What is profit?
Money left after expenses are paid
What are referrals?
Clients recommending your business to others
Why is continuing education important?
to improve skills and stay updated
What is a target market?
The specific group of clients a business wants to attract
What is independence in booth rental?
Being your own boss and making your own decisions
What is revenue?
Total money earned from services and sales
What is a logo?
A visual symbol that represents a brand
What is time management?
using your time effectively
What is branding?
the image and identity of a business
What is a disadvantage of booth rental?
Paying rent and expenses yourself
What is budgeting?
Planning how to spend and save money
What is client retention?
Keeping clients coming back
What is a consultation?
talking with a client about their needs before a service